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Nov 29, 2012
11/12
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lower student loan interest rates, he won. the president is primarily focused on step one of this process-- winning the middle class tax cut debate. step two is being led by his treasury secretary jim geithner and liaison rob nabors. they are going to work with congress on spending cut and other fiscal cliff details. the first meeting will be tomorrow on the hill. >> pelley: major, president said today he thought all this could be done by christmas. why does he think so? >> reporter: because that is the big takeaway, scott, from the president's conversation on saturday with house speaker john boehner. the two agreed it was in foeryone's best interest to get a fiscal cliff deal sooner rather than later, both agreed to aim for one before christmas, but they also acknowledged, scott, it will be very difficult to achieve that. >> pelley: thank you, major. will the president's team find a receptive republican congress? nancy cordes is on capitol hill for us tonight. nancy. >> reporter: well, scott, one top republican aide actually
lower student loan interest rates, he won. the president is primarily focused on step one of this process-- winning the middle class tax cut debate. step two is being led by his treasury secretary jim geithner and liaison rob nabors. they are going to work with congress on spending cut and other fiscal cliff details. the first meeting will be tomorrow on the hill. >> pelley: major, president said today he thought all this could be done by christmas. why does he think so? >>...
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Dec 6, 2012
12/12
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FOXNEWSW
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president obama visited a family in virginia to layout his case. the white house says it is one of thousands of middle class families facing higher taxes if congress doesn't reach some sort of deal. house speaker insists the republicans will not go along with a higher tax rate for anybody, but an incrowsing number of republicans -- an increasing number of republicans are saying they will have to give in to democrats' demands. you know i read a number of websites that said republicans have waived the white flag on some issues, but not all of them. assuring republicans they don't have to vote for a tax increase. >> and it technically may be correct, but not many are buying this new strategy from the white house since the tax cuts from the middle class and those from the top 2% are both set to expire at the end of the year. the white house says congress really only has to extend one of them. the president continues to put political pressure on lawmakers. he met with a middle class family selected from thousands who responded when the white house asked
president obama visited a family in virginia to layout his case. the white house says it is one of thousands of middle class families facing higher taxes if congress doesn't reach some sort of deal. house speaker insists the republicans will not go along with a higher tax rate for anybody, but an incrowsing number of republicans -- an increasing number of republicans are saying they will have to give in to democrats' demands. you know i read a number of websites that said republicans have...
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Dec 2, 2012
12/12
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but when president obama says things through tim geithner that he said about raising tax rate and spend additional money, which is crazy, it makes people more concerned that a big overall grand bargain can't be reached next year. >> eric: martin, do you think a grand bargain won't be reached? >> i think it will. talk about what is going on now here first. you know, the president won the election. he campaigned on the basis of higher rates for the taxpayer income earners. no surprise. the republicans are asking shocked that the president is taking a tough line. i think they expect him to roll over and play dead. that is not the way things work in this town. he won the election. and he told the american people we were going to raise the rates on the top income earners. now that is what he is trying to do. i think there is some give here. i don't think it has to go up to 39.6. right now it's 35. maybe it goes up a point or two. listen, republicans need time to sort through all of this. there will be a short-term agreement. there will be a down payment with some increased taxes. some increa
but when president obama says things through tim geithner that he said about raising tax rate and spend additional money, which is crazy, it makes people more concerned that a big overall grand bargain can't be reached next year. >> eric: martin, do you think a grand bargain won't be reached? >> i think it will. talk about what is going on now here first. you know, the president won the election. he campaigned on the basis of higher rates for the taxpayer income earners. no...
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Dec 7, 2012
12/12
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KPIX
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president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra
president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this...
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package that somehow prevents the top rates from going up for folks at the top 2%. lou: president's ultimatum and his insistence on higher taxes may take us over the cliff. chris and steven next. the next scott walker? michigan's republican governor ready to do political battle with organized labor in his state. what about a right to work law? straight ahead. the boys use capital one venture miles for thr annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. buwith the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, espially those who are
package that somehow prevents the top rates from going up for folks at the top 2%. lou: president's ultimatum and his insistence on higher taxes may take us over the cliff. chris and steven next. the next scott walker? michigan's republican governor ready to do political battle with organized labor in his state. what about a right to work law? straight ahead. the boys use capital one venture miles for thr annual football trip. that's double miles you can actually use. tragically, their ddy got...
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Dec 1, 2012
12/12
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FOXNEWSW
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this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do with the sense of lock box and where this money actually comes from and where it sits in the meanwhile before it gets spent. but i also think it's awfully important to remember that in terms of republican cooperation, the president really has been i think very sincere about seeking that cooperation and initially speaker boehner i think expressed with great sincerity his interest in cooperation. i dare say that there has been a lot of biplay among both the senators and the house members on what that cooperation is going to look like. but i do think it's awfully important that we not come out of this process and
this is why president obama extend the tax rates for a year action because he said this could hurt the economy. here we are again. we're not anywhere different than we were last year really. >> gregg: donna, dick durbin, the senate's number two democrat, said that social security is off the table because i'm going to quote him here -- it does not add a penny to our deficit. that's ludicrus. >> i think that i'm unable to comment because i think the context may have something to do...
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Dec 6, 2012
12/12
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FOXNEWS
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president obama heads to northern virginia this afternoon. the white house says he will meet with a middle class family to press congress to protect those making less than $250,000 a year from tax increases and raise rates on those making more. house republicans return to their congressional districts. they will meet with small business owners to underscore how they say tax rate increases will hit those business, jon. jon: are they still hung up on taxes? is that the big sticking point? >> yes. taxes are the key to this debate. republicans say they will increase tax revenue through cutting tax deductions. democrats say tax rates have to increase for families earning more than $250,000 a year. they're demanding republicans pass their tax plan. >> neither president obama nor democrats in cop guess have ever been ambiguous about our proposal to provide economic security for 98% of the american families and 97% of the small businesses while asking the wealthiest 2% to contribute just a little more to stop this run away debt. >> what the president
president obama heads to northern virginia this afternoon. the white house says he will meet with a middle class family to press congress to protect those making less than $250,000 a year from tax increases and raise rates on those making more. house republicans return to their congressional districts. they will meet with small business owners to underscore how they say tax rate increases will hit those business, jon. jon: are they still hung up on taxes? is that the big sticking point?...
WHUT (Howard University Television)
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Dec 6, 2012
12/12
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WHUT
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to a roundtable of corporate executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to acknowledge that reality, then the numbers are actually not that far apart. another way of putting this is, we could probably solve this in about one week. it is not that tough. >> new details have been revealed in the retail giant kermit factory where 120 dacre workers died in a fire last month. "the new york times" is reporting that wal-mart played a key role in blocking the improvement of safety features at the bangladeshi factory. one representative helped quash a proposal that would help to improve safety investments, calling them not financially feasible. documents found at the fire scene also sho
to a roundtable of corporate executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to...
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Dec 5, 2012
12/12
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KQED
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. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game because we've got to... we've got to break that habit before it starts. >> reporter: the 2011 standoff between the president and republicans led the nation to the brink of national default. standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republ
. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that...
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Dec 5, 2012
12/12
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voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on the edge of bankruptcy. megyn: this is a long time coming. this isn't necessarily caused by the wall street meltdown. >> in 1964, it was the most important manufacturing sector in the world. it has been downhill since then. a bailout actually wouldn't really help them. they may be kicking the can for six months, but it essentially doesn't help. megyn: the notion that someone else needs to fix the problem -- somebody other than us needs to fix the problem. the city council of detroit, which is what they have been elected to do. we took a look at a video that was put out by the illinois govern
voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on...
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Nov 30, 2012
11/12
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FOXNEWSW
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now, the craziness of the situation is president obama campaigned on raising taxes, a tax rate for the highest earners, and he could win on that right now. it is clear the republicans will cave. the republican nightmare is there is a stand off they go over the fiscal cliff, after all the tax rates go up and the president, of course, proposals to lowerren's -- lower everyone's taxes but the highest and if the republicans resist he will say the republicans are talking you from getting a middle-class tax cuts because they want to recollect their millionaire friends. if republicans are going to agree to higher tax rates for the highest bracket, do it quickly, and, then, president obama would be the one who is refusing it because he is throwing in all sorts of extra things like total executive branch control of the debt limit. >>neil: who came up with the $50 billion in new surplus spending in the middle of this? come on! >>guest: the question, it is an interesting offer, kind of an office that the president gave yesterday which was call it disrespectful, a disrespectful offer and the quest
now, the craziness of the situation is president obama campaigned on raising taxes, a tax rate for the highest earners, and he could win on that right now. it is clear the republicans will cave. the republican nightmare is there is a stand off they go over the fiscal cliff, after all the tax rates go up and the president, of course, proposals to lowerren's -- lower everyone's taxes but the highest and if the republicans resist he will say the republicans are talking you from getting a...
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Dec 1, 2012
12/12
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CSPAN
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she has gotten more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive application --there is a possibility we could come back in january and say we will reinstate those tax rates for everybody except those people making more than $250,000. host: we have about 30 seconds. the likelihood these credits will be reduced. guest: it will be a crapshoot. host: steven sloan from politico. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow on washington journal, and a look at the mortgage debt relief act, which was passed by congress in the early days of the housing crisis, and a discussion of orientation sessions for senior aides and aides of members- elect in congress. and a member of the autistic and advocacy network on being an adult with autism, and the federal role in supporting autistic adults and children. washington journal, live saturday at 7:00 a.m. eastern on c-span. >> when i think of warren, i think of the "[sa;, pf
she has gotten more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive application --there is a possibility we could come back in january and say we will reinstate those tax rates for everybody except those people making more than $250,000. host: we have about 30 seconds. the likelihood these credits will be reduced. guest: it will be a crapshoot. host: steven sloan from politico. thank you. [captioning performed...
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Dec 5, 2012
12/12
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KQED
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. >> we're going to have to see the rates on the top two percent go up. we're not going to be able to get a deal without it. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billio
. >> we're going to have to see the rates on the top two percent go up. we're not going to be able to get a deal without it. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to...
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Nov 30, 2012
11/12
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increased tax rates on the wealthiest americans. he will say that at a factory in hatfield, pennsylvania, where the company connects, makes tinker toys. that is company the white house picked for today's event because they rely on the middle class consumers who would be affected if we go off the fiscal cliff. martha. martha: that will be a major sticking point it sounds like. peter, thank you very much. bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down the road. 11.7% unemployment. that is another record high in the month of october. breaking that down, it is 18.7 million people out of work
increased tax rates on the wealthiest americans. he will say that at a factory in hatfield, pennsylvania, where the company connects, makes tinker toys. that is company the white house picked for today's event because they rely on the middle class consumers who would be affected if we go off the fiscal cliff. martha. martha: that will be a major sticking point it sounds like. peter, thank you very much. bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the...
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Dec 5, 2012
12/12
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CSPAN
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president obama wants it to go back to the 20% rate. dividend taxes are on dividends that are paid out by companies. george w. bush wanted to follow parity, that they should be taxed at the same rate. what would happen when the tax rates expire, the capital gains rate would go up 20%. the dividend rate would go to 39.6%. there would be a big gap there. they want to maintain that parity and to find something between 50% and almost 40% -- 15% and almost 40%. why is this a battle? guest: it is a big deal for the fight over income inequality. democrats have long targeted the capital gains tax as something that makes the tax code less regressive and increases in a quality. a lot of wealthy people make money through investments. it is a big issue for corporations and investors who feel corporations are already taxed and you're essentially putting another tax. host: who pays the capital gains tax? guest: if you buy a stock and make money, you are paying it. it tends to hit upper income earners more. anybody in the stock market will be paying t
president obama wants it to go back to the 20% rate. dividend taxes are on dividends that are paid out by companies. george w. bush wanted to follow parity, that they should be taxed at the same rate. what would happen when the tax rates expire, the capital gains rate would go up 20%. the dividend rate would go to 39.6%. there would be a big gap there. they want to maintain that parity and to find something between 50% and almost 40% -- 15% and almost 40%. why is this a battle? guest: it is a...
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Nov 29, 2012
11/12
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CNNW
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how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000. some say even a million. all of that's going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he'll do that but the president stands at 250. which is below even where i was but he won the election. >> do you think that's where the compromise is, have it at a higher rate, somewhere in there? >> i think what needs to happen is for the democrats to come forward with ideas for expenditures. because if not, what he's asking for is for speaker boehner to negotiate
how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of...
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Dec 3, 2012
12/12
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congress approval rating has been dreadful but scores low marks on ethics and honesty also. new gallop poll finds members of congress come in second to last among professions beating only car salespeople. car salesman took to twitter today to express displeasure with the poll. 10% said they would give congress a high to very high rating. 34% said average. 54% said very low to low. finally when researching the internet be careful when citing wikipedia. judge in england compiled a 2,000-page report on press ethics in which he warned that inaccuracy in newspapers caused significant concern. he claimed the independent was founded in 19786 by three journalists. he apparently got two names right. the third first appeare appearea wikipedia entry a year ago. far from being founder of the paper, the man's name is the same as a self-described beach bum from california whose only edit was on that page. the error was spotted and scrubbed by wikipedia a few weeks ago, but not in time to spare the judge's error. >>> as we told you earlier, president obama is rejecting a counter offer from
congress approval rating has been dreadful but scores low marks on ethics and honesty also. new gallop poll finds members of congress come in second to last among professions beating only car salespeople. car salesman took to twitter today to express displeasure with the poll. 10% said they would give congress a high to very high rating. 34% said average. 54% said very low to low. finally when researching the internet be careful when citing wikipedia. judge in england compiled a 2,000-page...
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Dec 4, 2012
12/12
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CNBC
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now, president obama wants higher revenues and higher tax rates but you know it often doesn't work out that way. in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love that. hey steve and keith. keith boykin i'll give you a little supply side. you'll hate this. this couples from the irs. the irs is going to use the bush cut, the dreaded bush tax cuts. the richest 1% paid $84 billion inflation adjusted dollars more between 2000 and 2007. that's a rise of 23%. in other words, their tax rates went down. and their tax revenues went up. now, isn't mr. obama making a mistake? >> well, the rich are paying more in taxes because the rich are disproportionately receiving most of the income in this country. the reality, larry, is that in my lifetime we've actually only raise
now, president obama wants higher revenues and higher tax rates but you know it often doesn't work out that way. in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love...
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president obama's approval rating has soared since this election. it stands at 57%, according to a new associated press poll. that is his highest park since may of last year when osama bin laden was killed. it's five points higher than before the election. 52% of the believe the country is on the right track, and most believe president obama will improve the economy. >>> the face of politics will change today, so to speak. david axelrod is saying sayonara to his mustache. he promised to shave it if he raised more than $1 million for epilepsy research. he surpassed his goal. the facial hair will soon be no more. you're saying your dad had a beard. when he shaved, you didn't recognize him. >> he had a beard until i was 10 or 11 years old. he shaved it one day and i said, who is that? >> melissa mollet had a similar story about her dad. >> your facial hair, it's a big statement. >> okay. >> we'll see how he looks. coming up on 6:51. time to get a check of weather and traffic on the ones. >>> eun and richard, good morning to you. good morning to everybo
president obama's approval rating has soared since this election. it stands at 57%, according to a new associated press poll. that is his highest park since may of last year when osama bin laden was killed. it's five points higher than before the election. 52% of the believe the country is on the right track, and most believe president obama will improve the economy. >>> the face of politics will change today, so to speak. david axelrod is saying sayonara to his mustache. he promised...
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Dec 7, 2012
12/12
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MSNBC
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. >> are you saying, then, for pr purposes, that they should give in to obama on the tax rate? >> not exactly. well, yeah, i guess i am, but -- >> you're saying capitulate to obama, who -- we don't have a revenue problem, ann. >> we lost the election, sean. >>> meanwhile, the house of representatives passed legislation yesterday removing the word lunatic from all federal laws. it's the latest move by congress to remove language seen as demeaning or out of date, like lunatic. >>> and in australia, prime minister julia gillard talked about the supposed prediction by the mayan calendar that the end of the world is coming in two weeks. well, she did it for a comedy video for a radio show. >> i'm confident in the prediction that the world is about to end. whether the final blow comes from flesh-eating zombies, demonic hill beasts or from the total triumph of cable, if you know one thing about me, it is this, i will always fight for you to the very end. and at least this means i won't have to do q&a again. good luck to you all. >> the dead-pan delivery, always important in comedy. th
. >> are you saying, then, for pr purposes, that they should give in to obama on the tax rate? >> not exactly. well, yeah, i guess i am, but -- >> you're saying capitulate to obama, who -- we don't have a revenue problem, ann. >> we lost the election, sean. >>> meanwhile, the house of representatives passed legislation yesterday removing the word lunatic from all federal laws. it's the latest move by congress to remove language seen as demeaning or out of date,...
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Dec 7, 2012
12/12
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WMAR
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president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for deep spending cuts. if washington can't strike a deal, one casualty will be compensation for the long-term unemployed. that means people like linda vega, are worried. >> christmas and things of that nature are probably off the table. >> reporter: aides to president obama and speaker boehner met yesterday afternoon. but that meeting ended with no discernible signs of progress. rob and paula? >> thanks, tahman. >>> once the numbers are all tallied, they're going to show that the 2012 presidential election was the most expensive in history. campaign finance statements put the total cost at well above $2 billion. virtually split down the middle between president obama and mitt romney. that includes nearly $86 million raised by
president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for deep spending cuts. if washington can't strike a deal, one casualty will be compensation for the long-term...
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Dec 7, 2012
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obama says raiding taxes on upper -- raising taxes on upper income americans is not going to fix the problem that the country is facing. >> even the president got the tax rate hike he wanted understand we would continue to see trillion dollar deficits for as far as the eye can see. listen, washington has got a spending problem, not a re-knew problem. >> for many top democrats it's all about taxes and not spending cuts in averting the fiscal cliff. >> the facts are at that point the 39.6% does produce the revenue. the differentiation between 39.6% and the 28% at that the president has for limitation on deduction creates a great deal of money as well. >> one conservative financial commentator suggests the likely outcome of the fiscal cliff talks won't be the end of the world. >> we will have taxes that are the same as the taxes were under bill clinton. we did find that we will do fine. >> the question is whether the negotiations will lead to making other tough choices such as washington getting a handle on the growth of government. if not, the european example seems to suggest fiscal t
obama says raiding taxes on upper -- raising taxes on upper income americans is not going to fix the problem that the country is facing. >> even the president got the tax rate hike he wanted understand we would continue to see trillion dollar deficits for as far as the eye can see. listen, washington has got a spending problem, not a re-knew problem. >> for many top democrats it's all about taxes and not spending cuts in averting the fiscal cliff. >> the facts are at that...
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Dec 6, 2012
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are you saying, then, for pr purposes that they should give in to obama on the tax rate? >> not exactly. well, yeah, i guess i am. >> sean: you're saying to capitulate to obama? we don't have a revenue problem, ann. >> we lost the election, sean. >> sean: we won the election in the house, ann. the government stays the same. >> but again, it's going to be like in 1994 when oh, yea, republicans won the house was ad the senate and the government shut down. that hurts republicans. it hurt them a lot. >> sean: republicans run on the idea that they're going to be for limited government, less government spending, lower taxes. >> they will be. >> sean: well, if they're going to raise taxes and buy obama's argument and co-op his language, then we're -- >> they're not allowing taxes to be raised on 98% of america. >> sean: you sound like obama. >> no, i don't. i see what the media can do. when the media convinces a majority of americans who voted in november that the economy was george bush's fault, we can't just say give into. >> sean: you're saying give into what the media is say
are you saying, then, for pr purposes that they should give in to obama on the tax rate? >> not exactly. well, yeah, i guess i am. >> sean: you're saying to capitulate to obama? we don't have a revenue problem, ann. >> we lost the election, sean. >> sean: we won the election in the house, ann. the government stays the same. >> but again, it's going to be like in 1994 when oh, yea, republicans won the house was ad the senate and the government shut down. that hurts...
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obama and the democrats generally benefit from that calculation. heather: so not quite as good as it seems. >> it's not quite as good as it seems, but there is a recovery. however, they did revise the number of new jobs for the previous two months, so that's not quite as much of a recovery. i think we can say it's an anemic recovery. heather: were you surprised that sandy didn't have more of an impact after causing $60 billion in damages? >> i'm not surprised at all. the typical pattern is when you have a natural disaster like that, whatever you lose in the way of jobs you gain back and then some in the rebuilding jobs. heather: okay. tax hikes in january, can this economy handle it based on this report? >> we're going to have taxes which will be roughly the same under bill clinton, we did fine in that, we'll do fine. what i'm worried about is the defense cuts. they're really serious. but we'll get by with a few months of higher taxes until the democrats and republicans start playing nice with each other. but the fiscal cliff, i think, is very over
obama and the democrats generally benefit from that calculation. heather: so not quite as good as it seems. >> it's not quite as good as it seems, but there is a recovery. however, they did revise the number of new jobs for the previous two months, so that's not quite as much of a recovery. i think we can say it's an anemic recovery. heather: were you surprised that sandy didn't have more of an impact after causing $60 billion in damages? >> i'm not surprised at all. the typical...
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i really worry that president obama, we consider that he's overreaching, it's too much, you know. at the end of the day president obama is selling a very simple message. i want to keep taxes low for middle class americans and republicans, i'm worried, are in the position of looking as if they don't care about the middle class and want to keep tax rates low for wealthy americans. >> one of the things that struck me in my interview with tim geithner, the republicans were a little unclear. he said the bush tax rates had to go up but not all the way up and geithner said they had do have to go up to 39.6%. >> i still think the white house is willing to settle for something in the middle there above the bush tax rate but maybe not all the way back up to clinton, maybe not 250 and above, maybe 500. i think there are moving parts there. i think he says in every speech he goes out there and gives the hard line message to the base i'm not going to be the woos you thought i was last time. he says i want to compromise and we all have to get out of our comfort zone. i want a deal. >> and repub
i really worry that president obama, we consider that he's overreaching, it's too much, you know. at the end of the day president obama is selling a very simple message. i want to keep taxes low for middle class americans and republicans, i'm worried, are in the position of looking as if they don't care about the middle class and want to keep tax rates low for wealthy americans. >> one of the things that struck me in my interview with tim geithner, the republicans were a little unclear....
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Nov 29, 2012
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is it mentioned that is a haunted the president obama? anyway, the tenth highest unemployment rate in the country. for stub's illnois a death spiral state because for every hundred private-sector workers in illinois there are 103 depending upon those ivate-sector workers new york, aiming at the sixth worst death spiral state because for every 100 private-sector jobs in new york there are 107 who depend on the private sector for their -- well, their sustence. a per capita debt of nearl $6,700. $6,700 just for the state of new york. the six highest in the country. we have people worg about the fiscal cliff which is worth worrying about. some of these states have gotten a massive problems. these three among them. unemployment is new york is over 8%. twenty-fourth highest and 16%, 16 percent live below the poverty line. the 22nd hight telling you how much trouble some of these states are in. all three of the states, by the way, have democratic governors and democratic lead and controlled legislature's. to you suppose that is a coincidence? re
is it mentioned that is a haunted the president obama? anyway, the tenth highest unemployment rate in the country. for stub's illnois a death spiral state because for every hundred private-sector workers in illinois there are 103 depending upon those ivate-sector workers new york, aiming at the sixth worst death spiral state because for every 100 private-sector jobs in new york there are 107 who depend on the private sector for their -- well, their sustence. a per capita debt of nearl $6,700....
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charles crowd hammer says president obama likes those tax rates so much let's let him live with them for everybody. >> what he will say is i wanted to do legislation to exempt the middle class, but the republicans wouldn't give me the bill. he is prepared, megyn, bluntly to sacrifice the interest of the larger whole to win a political fight. when i was working for clinton we did a deal with gingrich. there was never ever a sense that we would put politics ahead of getting a balanced budget. we got it, we won the election and this president is putting politics ahead of everything. megyn: if republicans give president obama the tax rates on the rich what do they have to negotiate with? why would they do it? >> i think president obama has the winning hand. >> he does. >> i'm not sure in the long term -- if there is a recession, either there won't be a recession or there will and the republicans will get the blame. that's and high wire act to do at this point. it's very risky from this kind of elect to take this. he could get 85% of what he wanted -- >> he's also gambling on one thing. t
charles crowd hammer says president obama likes those tax rates so much let's let him live with them for everybody. >> what he will say is i wanted to do legislation to exempt the middle class, but the republicans wouldn't give me the bill. he is prepared, megyn, bluntly to sacrifice the interest of the larger whole to win a political fight. when i was working for clinton we did a deal with gingrich. there was never ever a sense that we would put politics ahead of getting a balanced...
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. >> didn't we learn in 2011, where the government seemed less stable and our triple-a rating went down to a double-a rating and right now, john thune was right, it takes time to bush legislation through and we can't have a deal cut on christmas eve. >> is this brinksmanship on behalf of the president and time geithner, his treasury secretary, in terms of what the dems are now offering congress? >> no, i think the president has made a riegsal offer and of course, it's an opening offer, but that silence is deafening for the republicans, for the republicans' response. their political lemmings getting ready to go off the fiscal cliff and rather do that and not violate the no tax pledge they made to grover norquist than to move the ball forward and resolve this for the american people. >> is it really about that, angela and dick, is it really about the pledge that was made to grover norquist, no new taxes? we hear eric cantor saying no new taxes and we know that the dems want to have taxes on the wealthy and also know that the republicans would like to see some spending cuts as well. >> it'
. >> didn't we learn in 2011, where the government seemed less stable and our triple-a rating went down to a double-a rating and right now, john thune was right, it takes time to bush legislation through and we can't have a deal cut on christmas eve. >> is this brinksmanship on behalf of the president and time geithner, his treasury secretary, in terms of what the dems are now offering congress? >> no, i think the president has made a riegsal offer and of course, it's an...
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you know i think that obama obviously wants the marginal rates increased. he's really kind of drawing a line in the sand on that. a few republicans tom cole is the most notable one but a couple more today, i noticed came out and said they think their party should consider that. if we get a drip, drip, drip on that, a few a day a few a week, then maybe maybe there will be a chance by the end of december that enough republicans will go for that increase. remember, it doesn't have to be a huge number of republicans. it just has to be 25 or so of them. >> eliot: the president has drawn a couple lines in the sand. one of them is marginal rates go up. another one now appears to be the debt ceiling. he's putting himself into a position where he's going to have to tow a tough line or disappoint the very people you said earlier he's making feel very good because of the toughness and the new vigor in his negotiating position. fun game to watch michael. we'll ask you to come back in the next couple of days to tell us who is winning and losing. >> great. always a pleas
you know i think that obama obviously wants the marginal rates increased. he's really kind of drawing a line in the sand on that. a few republicans tom cole is the most notable one but a couple more today, i noticed came out and said they think their party should consider that. if we get a drip, drip, drip on that, a few a day a few a week, then maybe maybe there will be a chance by the end of december that enough republicans will go for that increase. remember, it doesn't have to be a huge...
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rates on the 2% go up. we're not going to be able to get deal without it. >> been no deals of this mag magnitude made in congress and forced on reluctant president. i hope the president would turn off the campaign, congratulations, you had a great victory, and let's get serious about dealing with this deficit and debt here at the end of the year. >> back to the president's comments. he had yet before to explicitly say rates had to go up on those earning $250,000 or more. that was the white house position. that is their condition now for a deal. it's in the face of what republicans want saying no rate increases; however, a little wiggle room, and the president didn't rule out a smaller rate increase than he's calling for could be a part of a final product if they get to that stage. lizly thank you very much, rich edson. david: we have a governor who says his state takes the right action to prevent falling off its own fiscal cliff and the president can learn a lot. liz: joining us now is the iowa governor, an
rates on the 2% go up. we're not going to be able to get deal without it. >> been no deals of this mag magnitude made in congress and forced on reluctant president. i hope the president would turn off the campaign, congratulations, you had a great victory, and let's get serious about dealing with this deficit and debt here at the end of the year. >> back to the president's comments. he had yet before to explicitly say rates had to go up on those earning $250,000 or more. that was...
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he said we've got a deal. >> obama: i think once republicans agree to let the tax rates go up on the top 2%, like i talked about during the campaign like the majority of americans agree to, once we do that, and i think we can get a deal. >> bill: and at the briefing yesterday, jay carney made the same point saying that there was no way -- he said it one more time. in fact, i tweeted out yesterday while i was at the briefing, how many times does the white house have to say that the president will simply not accept a deal unless the tax rates go up for the top 2%? the president will not sign a bill if it includes a continued tax cut for the top 2%. jay carney said that again yesterday. and then he got some surprising support from tom coburn, conservative republican senator from oklahoma who said you know, the president on this thing is right. what's wrong with raising rates? >> personally, i know we have to raise revenue. i don't really care which way we do it. actually, i would rather see the rates go up than do it the other way because it gives us greater chance to reform the tax cod
he said we've got a deal. >> obama: i think once republicans agree to let the tax rates go up on the top 2%, like i talked about during the campaign like the majority of americans agree to, once we do that, and i think we can get a deal. >> bill: and at the briefing yesterday, jay carney made the same point saying that there was no way -- he said it one more time. in fact, i tweeted out yesterday while i was at the briefing, how many times does the white house have to say that the...
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rate that currently exists in the african american community. listen to this. >> blacks in particular are disproportionately in the public sector. one of the reasons those jobs have gone down, or have remained down, is, one, the republicans are cutting a lot of the agencies where we are the employees of government, jobs, government employees, and a lot of those jobs go to governors and mayors who also have had cutbacks. >> sean: what government agency has cut? >> exactly, exactly. >> sean: tell me one agency that's been cut. >> it's a tiny glimpse into sharpton's world of disinformation and smears and lies. this is what he does every day on his show. every day. >> sean: what? he just makes it up? >> yeah. it's conspiracy theory radio. you know, look at the election outcome. this stuff wins elections. >> sean: charles ogletree was on his program, and everybody that dares to disagree with susan rice, you can predict what this is going to say. >> we have to look at global policy, because it influences what we can do here. if you look at the one exa
rate that currently exists in the african american community. listen to this. >> blacks in particular are disproportionately in the public sector. one of the reasons those jobs have gone down, or have remained down, is, one, the republicans are cutting a lot of the agencies where we are the employees of government, jobs, government employees, and a lot of those jobs go to governors and mayors who also have had cutbacks. >> sean: what government agency has cut? >> exactly,...
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package that somehow prevents the top rates from going up for folks at the top 2%. lou: president's ultimatum and his insistence on higher taxes may take us over the cliff. chris and steven next. the next scott walker? michigan's republican governor ready to do plitical battle with organized labor in his state. what about a right to work law? straight ahead. [beep] [indistinct chatter] [kids talking at once] [speaking reign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. lou: the staffs of both president obama and house speaker boehner are talking, but there is still no word of progress on the so-called fiscal cliff or the president's ultimatum. silence indicate a deal in the works or something too ugly for them to contemplate?@ we'll have the
package that somehow prevents the top rates from going up for folks at the top 2%. lou: president's ultimatum and his insistence on higher taxes may take us over the cliff. chris and steven next. the next scott walker? michigan's republican governor ready to do plitical battle with organized labor in his state. what about a right to work law? straight ahead. [beep] [indistinct chatter] [kids talking at once] [speaking reign language] [heart beating] [heartbeat continues] [faint singing]...